Mastercard Incorporated (NYSE:MA) Shares Sold by Teamwork Financial Advisors LLC

Teamwork Financial Advisors LLC decreased its position in Mastercard Incorporated (NYSE:MA) by 14.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 606 shares of the credit services provider’s stock after selling 99 shares during the quarter. Teamwork Financial Advisors LLC’s holdings in Mastercard were worth $292,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Altshuler Shaham Ltd acquired a new position in Mastercard in the fourth quarter valued at $26,000. VitalStone Financial LLC increased its stake in shares of Mastercard by 300.0% during the 4th quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock valued at $26,000 after acquiring an additional 45 shares during the last quarter. LFA Lugano Financial Advisors SA purchased a new position in shares of Mastercard during the 4th quarter worth about $27,000. Westend Capital Management LLC acquired a new stake in shares of Mastercard in the first quarter worth approximately $27,000. Finally, Scarborough Advisors LLC purchased a new stake in Mastercard in the fourth quarter valued at approximately $28,000. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Mastercard Stock Performance

Shares of Mastercard stock opened at $444.60 on Friday. The firm has a market cap of $413.30 billion, a PE ratio of 35.63, a price-to-earnings-growth ratio of 1.75 and a beta of 1.09. Mastercard Incorporated has a 1 year low of $359.77 and a 1 year high of $490.00. The firm’s 50-day simple moving average is $450.19 and its 200-day simple moving average is $453.55. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.09 and a current ratio of 1.09.

Mastercard (NYSE:MA) last released its earnings results on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, topping analysts’ consensus estimates of $3.22 by $0.09. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The company had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.34 billion. During the same quarter last year, the business posted $2.80 EPS. Mastercard’s quarterly revenue was up 10.4% compared to the same quarter last year. Equities analysts forecast that Mastercard Incorporated will post 14.26 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th will be paid a dividend of $0.66 per share. The ex-dividend date is Tuesday, July 9th. This represents a $2.64 annualized dividend and a yield of 0.59%. Mastercard’s payout ratio is 20.99%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on MA. Barclays decreased their price target on shares of Mastercard from $549.00 to $530.00 and set an “overweight” rating on the stock in a report on Monday, May 6th. TD Cowen started coverage on Mastercard in a report on Thursday, April 11th. They issued a “buy” rating and a $545.00 target price on the stock. Morgan Stanley dropped their price target on Mastercard from $536.00 to $524.00 and set an “overweight” rating for the company in a research note on Thursday, May 2nd. Susquehanna reiterated a “positive” rating and set a $535.00 target price on shares of Mastercard in a report on Wednesday, April 3rd. Finally, Piper Sandler initiated coverage on shares of Mastercard in a report on Monday, May 13th. They issued an “overweight” rating and a $531.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Mastercard currently has a consensus rating of “Moderate Buy” and a consensus target price of $496.91.

Insiders Place Their Bets

In other Mastercard news, major shareholder Foundation Mastercard sold 111,000 shares of Mastercard stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $457.15, for a total value of $50,743,650.00. Following the completion of the transaction, the insider now directly owns 97,432,308 shares in the company, valued at $44,541,179,602.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Craig Vosburg sold 9,028 shares of the stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $447.28, for a total value of $4,038,043.84. Following the sale, the insider now owns 58,940 shares of the company’s stock, valued at approximately $26,362,683.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Foundation Mastercard sold 111,000 shares of Mastercard stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $457.15, for a total transaction of $50,743,650.00. Following the completion of the sale, the insider now owns 97,432,308 shares in the company, valued at $44,541,179,602.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,163,228 shares of company stock valued at $1,428,540,870. Company insiders own 0.10% of the company’s stock.

About Mastercard

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.